U.S. sets tariffs on 60 trade partners as temporary duties expire

These new duties, which range from 10% to 12.5%, will take effect Friday morning, just as the previous tariffs expire.

The U.S. trade representative announced a wave of tariffs on dozens of economies Thursday to replace President Donald Trump’s temporary 10% tariff, which expired at midnight ET.

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Sixty trading partners, including all of America’s most important ones, will face tariffs of 10% to 12.5%, according to a fact sheet. The new duties took effect at 12:01 a.m. ET Friday.

Some of the trading partners facing a 10% tariff include Canada, Mexico, India and the United Kingdom.